Public Company With Trump Sons On Advisory Board Buys BlackRock Bitcoin ETF (IBIT)

Public Company With Trump Sons on Advisory Board Invests in BlackRock Bitcoin ETF

Investment firm Dominari Holdings said in its earnings report on Friday that it intends to use some of its excess cash to purchase shares of the iShares Bitcoin Trust.

Posted by Helen Brown | Edited by: Aoyon Ashraf Updated: March 28, 2025 17:14 UTC Published: March 28, 2025 15:05 UTC

Key points:

• Dominari Holdings, an investment firm linked to Donald Trump Jr. and Eric Trump, has adopted a bitcoin holding strategy by investing $2 million in BlackRock's iShares Bitcoin Trust (IBIT).
• Instead of directly holding bitcoins, the company chose to use a regulated ETF to simplify compliance and bookkeeping.
• The move highlights the political dynasty's growing ties to the crypto space as Trump's interest in digital assets continues to grow.

An investment firm linked to US President Donald Trump's sons, Eric and Donald Trump Jr., is funneling some of its excess funds into a bitcoin-based exchange-traded fund (ETF) – an interesting choice that supports the growing popularity of the strategy of holding bitcoin as a corporate reserve.

Dominari Holdings (DOMH), based in Trump Tower in New York City, came into the media spotlight last month after the Trump brothers joined its 58-year-old advisory board and became investors.

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In an earnings report on Friday, the company confirmed that it would adopt a bitcoin holding strategy by investing some of its cash in BlackRock's iShares Bitcoin Trust (IBIT), the largest spot bitcoin ETF on the market.

Dominari has already set aside $2 million to acquire IBIT shares, the report said. The stock has a market cap of about $70 million and fell more than 9% on Friday.

Most companies that use a Bitcoin reserve strategy buy the cryptocurrency directly and store it themselves or through a custodian. However, Dominari accesses it through a regulated exchange-traded fund, which may be of interest to firms seeking simpler compliance and more transparent accounting.

The move comes as no surprise given Donald Trump Jr.’s interest in cryptocurrency. The president’s son is involved in a variety of crypto projects and has become an unofficial spokesman for his father’s enthusiasm.

Earlier this week, World Liberty Financial (WLFI), a financial protocol backed by President Donald Trump and his family, unveiled its own stablecoin at a crypto event in Washington.

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